Verizon EVP Malady granted 121.911 phantom units

Verizon executive Kyle Malady reported an additional grant of cash-settled phantom stock units under a deferred compensation plan, increasing his indirect deferred balance.

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC (symbol: VZ) is the issuer of record for a Form 4 filing submitted to the SEC. Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.

VERIZON COMMUNICATIONS INC (VZ) reported that executive Kyle Malady, EVP and Group CEO–VZ Business, received an indirect grant of 121.911 unitized phantom stock units on September 10, 2026 under a deferred compensation plan, bringing his deferred phantom stock balance held through that plan to 424,383.664 units, economically tied to Verizon common stock and settled in cash, including amounts accumulated through dividend reinvestment.

Insider Trade Summary

Grant/Award: 121.911 shares

Grant/Award 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	121.911	$14.26	$2K

Holdings After Transaction: Phantom Stock (unitized) — 424,383.664 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. F1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 121.911 units Phantom stock price reference: $14.26 per unit Phantom stock units after transaction: 424,383.664 units +2 more

5 metrics

Phantom stock units granted 121.911 units Grant on September 10, 2026 to Kyle Malady under deferred compensation plan

Phantom stock price reference $14.26 per unit Reference amount associated with September 10, 2026 phantom stock grant

Phantom stock units after transaction 424,383.664 units Total indirect phantom stock balance held through deferred compensation plan after grant

Underlying common stock 35.000 shares Common stock economically corresponding to the 121.911 phantom stock units granted

Reporting person role EVP and Group CEO–VZ Business Officer title of Kyle Malady at Verizon Communications Inc.

Key Terms

Phantom Stock (unitized), deferred compensation plan, dividend reinvestment, economic equivalent

4 terms

Phantom Stock (unitized) financial

"security titled "Phantom Stock (unitized)" granted to the executive"

deferred compensation plan financial

"payable upon events established in accordance with the deferred compensation plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend reinvestment financial

"Includes phantom stock acquired through dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

economic equivalent financial

"Each share of phantom stock is the economic equivalent of a portion of one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) report for Kyle Malady?

Kyle Malady reported an indirect grant of 121.911 unitized phantom stock units on September 10, 2026, under a deferred compensation plan, increasing his phantom stock holdings associated with Verizon common stock.

How many phantom stock units does Kyle Malady hold after this VZ transaction?

After the September 10, 2026 grant, Kyle Malady beneficially holds 424,383.664 phantom stock units indirectly through a deferred compensation plan, economically linked to Verizon Communications Inc. common stock and settled in cash.

Is Kyle Malady’s Verizon (VZ) phantom stock award part of a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no Rule 10b5-1 trading plan is reported for this phantom stock grant.

What does the phantom stock granted to the Verizon (VZ) executive represent?

Each phantom stock unit is economically equivalent to a portion of one share of Verizon common stock but is settled in cash. The units become payable upon events established by the executive under the deferred compensation plan.

Does the Verizon (VZ) phantom stock grant include dividend reinvestment?

Yes. The reported total includes phantom stock acquired through dividend reinvestment, meaning dividends on the underlying economic equivalent are reinvested into additional phantom stock units in the deferred compensation plan.

How many Verizon (VZ) common shares underlie the new phantom stock units?

The September 10, 2026 grant of 121.911 phantom stock units corresponds economically to 35.000 shares of Verizon common stock, according to the Form 4 disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 02:57 PM Accepted by SEC EDGAR 09/11/2026 - 02:57 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malady Kyle

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Group CEO-VZ Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	09/10/2026		A		121.911		(1)	(1)	Common Stock	35	$14.26	424,383.664(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Kyle Malady	09/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)